Preparing financial statements from a trial balance

Following is the preclosing trial balance of The Village of Sommerville at the end of fiscal 2018. Assume that at the beginning of the year no encumbrances were outstanding.

Preparing financial statements from a trial balance allowing is the preclosing trial balance of The Village of Sommerville at the end of fiscal 2018 . Assume that at the beginning of the ear no encumbrances were outstanding Village of Sommerville General Fund Preclosing Trial Balance November 30 , 2018 Debits Credit 26. 940 Marketable securities 60 000 Property taxes receivable 42 630 Allowance for uncollectible property taxe 21, 600 Sales taxes receivable 10 , 200 Due from state government 19 200 upplies inventory Vouchers payable 14 . 730 Due to other fund 16080 Advances from other fund 42 000 incumbrances -contractual service 12000 Nonspendable Fund balance ( reserved for supplies inventory ) 8 400 Unassigned fund balance 25. 200 udgetary fund balance reserved for encumbrance 12000 Budgetary fund balance 5 800 Estimated revenues - property taxes 150.000 Estimated revenues - sales taxes 87 600 Estimated revenues - charges for service 16 800 Estimated revenues - fines and forfeits 10 , 200 Estimated revenues - federal grants 12000 Estimated transfer in from Enterprise Fund 36 000 Appropriations - salaries 128 400 Appropriations - contractual service 32 400 Appropriations - materials and supplie 18000 Appropriations - capital equipmen 84 000 Appropriations - transfer out to Debt Service Fund 4000 evenues -property taxes 141 000 Revenues - sales taxes 88 . 320 evenues - charges for service 14 880 Revenues - fines and forfeit 10 680 Revenues - federal grants 12000 Transfer in from Enterprise Fund 42000 Expenditures - salaries 126.240 Expenditures - contractual service 18000 Expenditures - materials and supplie 18 360 Expenditures - capital equipment 2920 Transfer out to Debt Service Fund 24000 761 490